38 tax: What Do I Tell My Clients About The 3.8% Tax On Home Sales In 2013? - 08/22/12 01:11 AM
What do you tell your clients(about 3.8% tax) who plan to sell their homes next year? You tell them that they may or may not have to pay that tax.
Here is an excerpt from Money Magazine discussing the tax:
The new tax, which Congress passed in 2010, affects the net investment income of most joint filers with adjusted gross income of more than $250,000 ($200,000 for single filers). Starting on Jan. 1, 2013, the tax rates on long-term capital gains and dividends for these earners will jump from their current historic low of 15% to 18.8%, assuming Congress extends the … (8 comments)

 
Mike Frazier, Northwest Tennessee Realtor (Carousel Realty of Dyer County)

Mike Frazier

Northwest Tennessee Realtor

Dyersburg, TN

More about me…

Carousel Realty of Dyer County

Address: 1021 E. Tickle Street, Dyersburg, Tn, 38024

Office: (731) 285-2277

Mobile: (731) 589-7841

The purpose of this blog will be to discuss the market conditions in the Dyersburg Tennessee area of west Tennessee. There will lots of useful information for buyers, sellers, bankers and other users of Dyersburg real estate information. I will also often quote other professionals.


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